MBCC TH 19th September'23 - "All eyes on Fed FOMC tomorrow, what will it be? Why are credit markets doing what they are, what happens next? Is Saudi Arabia in a bind now?"

As we step into the famous Fed FOMC tomorrow, there is a big disconnect with what is priced in Bond markets and what Equity market analysts expect. What will it be?

What sectors/asset classes are mis priced here?

As Oil touches close to $95/bbl. Saudi Minister talks about how “their moves were to support Oil and provide stability”, but the whole world knows thats a farce, they can say what they want, they want/need higher prices and that has been their game all along. If not, why would they be so slow to bring it back? But it is not about Oil, it is about China and refining margins, we discuss below!